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Sample Certificate

Certified AML- KYC Compliance Officer

Indian : Rs.4129 International : $70

INTRODUCTION

Vskills certification in KYC (Know Your Customer) and Anti Money Laundering Operation, is one of the first certifications in this area of banking sector. A Vskills Certified AML/KYC Officer finds employment in banking and banking ancillary firms, security and audit firms, and other small and medium enterprises.

WHY SHOULD ONE TAKE THIS CERTIFICATION?

The certification is aimed at enhancing the quality of compliance with the directions of RBI in combating illegal operations and movement of funds through the use of banking channels. KYC and Anti Money Laundering operations have assumed added importance owing to the security risk that it poses to the country, and also to maintain the financial health of the institutions.

WHO WILL BENEFIT FROM TAKING THIS CERTIFICATION?

KYC and Anti Money Laundering certification is being increasingly taken by a large number of working professionals in banking and finance field. Also, students desirous of entering banking and finance sector, find this certification as a useful addition to their CV.

CONTENT

Introduction

What is Money Laundering?

Prevention of Money Laundering Act, 2002

Global Phenomenon

Tainted Money or Dirty Money

Washing of “Dirty” Money

Money Laundering – Case Studies

Money Laundering - Process & Methods

Process of Money Laundering

Process of Money Laundering – Case Studies

Methods used for Money Laundering

Role of Technology

Sources of Tainted Money

Legislation & International Cooperation

Legislations against Money Laundering

Financial Action Task Force (FATF)

Anti-Money Laundering Measures in India

RBI Guidelines regarding AML

Role of IBA Working Group

Technology in AML Measures

Role of Correspondent Banking

Introduction

Policies and Measures

Wire Transfer

Role of Ordering, Intermediary and Beneficiary banks

KYC – Know your customer

Basic Definitions

Customer Profile

BASEL Committee on KYC Policies

KYC Policies and RBI’s Initiative

Organizational Structure in Banks

KYC - Operating Guidelines

Customer Profiling

Opening of Accounts

Suggested Safeguards

Closure of Accounts

Monitoring of Accounts

Credit Cards/Debit Cards/Smart Cards/Gift Cards

‘At Par’ Cheque Facility

Combating Financing of Terrorism

Jurisdictions to not apply the FATF Recommendations

Internal Controls and Structure In Banks

Roles and Responsibilities of the Staff

Roles and Responsibilities of Board of Directors and Senior Management

Role and Responsibilities of the Principal Officer

Role and Responsibilities of the Internal Audit/Internal Control Teams

Role and Responsibilities of the Business Groups

Designated Director

Customer Risk Categorization (CRC)

Customer Risk

Need for Risk Categorization

Customer Acceptance Policy (CAP)

Customer Identification Procedure (CIP)

Customer Due Diligence (CDD)

Reporting Obligations

Cash Transaction Reporting (CTR)

Counterfeit Currency Reporting (CCR)

Suspicious Transaction Report (STR)

Non-Profit Organization Transaction Reports (NTRs)

Transaction Monitoring

Approach of Banks for Monitoring of Transactions

Essentials of Transaction Monitoring process

Methods of Monitoring Suspicious Transaction

Name Screening

Staff and Customer Awareness

Training Methods

Records of training

Customer Awareness on AML

KYC – Updation

Need for KYC Updation

Approach for KYC Updation

Scope of KYC Updation

Frequently Asked Questions

What is Vskills?

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. Vskills is a testing and certification programme focused on prior learning.
Through Vskills Assessments, individuals with learning acquired outside of a formal classroom setting have the opportunity to get certified by appearing in standardized exams conducted throughout the nation at proctored centres.

What is Vskills Certification?

Vskills Certification is a professional skill test that is conducted to assure that a person is qualified to perform a job. It is a proof that the candidate has the requisite skills to do a job.

What are the benefits that I will get by taking Vskills Certification Exam?

Some of the benefits that you get on taking Vskills Certification exam are listed below,-

- Develop skills that are valued by experts in the industry- Vskills Certifications opens avenue for candidates in various sectors- Vskills Certification provides an opportunity to get certified in areas where you are not formally educated- Vskills Certification enhances the chances of employment- CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers.- CVs of certified candidates are also tagged on Shine.com website as “Vskills Certified candidates” to employers.- CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life- Vskills provides supplementary preparation material (hard copy or online videos) to candidate for easing the process of preparation.- Vskills assessment exams are structured and regularly updated according to the industry standards- Vskills Certifications do not require any time commitment since it is only a test and not classroom teaching.

What is the duration of the course?

There is NO course duration for all certification exam. Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility. Student can give the exam any time between 1 year from the date of enrollment.

What is the eligibility for registration?

There is no minimum qualification for taking up Vskills Certification Exam, so it is for everyone – from day to day users to senior management, say
- Employees
- Employers
- Students
- Teachers
- Businessmen and Entrepreneurs
- Housewives/Retired Professionals, etc

Passing percentage is 50% i.e., 25 marks need to be scored in order to clear the exam.

When is the the exam conducted?

Vskills Certification Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility.

How many attempts can I give for a certification exam?

One exam attempt per registration with no limit on re-appearance.

Can I reschedule the exam?

Yes, candidate can re-shedule the exam till the date of exam after paying the re-schedule fees.

If I fail, what is the procedure to be followed for reappearing in the exam?

In case a candidate is unable to clear the exam then, candidate can register for exam retake by paying for registration fees of Rs. 1250/- but no reading material is sent.

Does the exam is available only in India?

Candidates residing outside India can register for specific certifications as listed under the international students by appearing in online open book exam.

Can I take two or more certification exams at one time?

Yes, candidate can take two or more exams at one time.

How tough will be the paper?

The certification exam is meant to assess the ability of the student in the particular domain and checks entry level to medium level skills in that particular domain. If you know the domain area, and have studied the accompanying material well, you will have no difficulty in passing the exam.

Do you provide any sample questions?

Practice tests are provided under every certification.

What is the duration of the certification?

There is no minimum duration of certification. You may register when you want; we suggest that minimum 30 days should be kept to go over the material provided at the time of registration.

Is the exam available for international candidates?

Yes, candidates residing outside India can follow the process for international students.

What kind of placement support is provided?

Vskills provides placement support to certified candidates as
- CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers.
- CVs of certified candidates are also tagged on Shine.com website as “Vskills Certified candidates” to employers.
- CVs of all Vskills Certified candidates is shared with relevant employers for employment
- Vskills Certified candidates are a part of the Job Centre for Life

In case I am unable to take the exam will my fees be refunded?

As a policy under no circumstances will the fees be refunded to the candidate after registration, unless there is a situation that is unavoidable.

When is the result declared?

Result indicating pass or fail is told to candidate after finishing of the exam. Hard copy certificate and performance report is sent to candidates who had cleared the exam. Soft copy certificate is also e-mailed.

Is the material provided by you sufficient from exam point of view or should I refer other sources?

The study material provided by Vskills is a guideline for your exam, but you can refer to other sources for further clarity on any topic.

Are there any classes provided by you to prepare for the exam?

Vskills does not offer classes for any certification exam. The candidates have to prepare on its own for the exam. NO CLASSES are provided by Vskills.

Do you charge extra for placement assistance?

There are no charges apart from the registration fees or exam re-take in case candidate is unable to clear the certification exam.

V skills

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. It is one of the largest manpower companies of the government of NCT Delhi. VSkills certifications help candidates quantify and prove their skills in a particular domain - skills that are valued by the employer and are in great demand. Your Vskills Certificate is a proof that you have the requisite knowledge and makes you job ready - which is why employers rate VSkills certifications and look for people who have them.